Crude oil for delivery in October shed Rs 15, or 0.39 per cent, to Rs 3,854 per barrel.
"Commitments shall be honoured and investors should not have any concern," Sitharaman said at the India Energy Forum of CERAWeek.
With a WTI oil price of about $50 a barrel, some in the shale patch are struggling.
"The issues with oil companies are being sorted out and would be resolved early," Air India spokesperson Dhananay Kumar said.
Crude oil for delivery in October was trading lower by Rs 29, or 0.77 per cent.
It is looking for ways to limit palm oil imports in reaction to the Southeast Asian country's leader slamming India for its actions in Kashmir.
Here are SMC Global’s detailed commodity expectations for the day.
Among the 50 components in the Nifty index, 37 shares were trading in the green, while 13 were in the red.
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